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The Series 32 exam—the Limited Futures Examination-Regulations—is a National Futures Association (NFA) exam administered by FINRA. The exam consists of 35 scored questions. Candidates have 45 minutes to complete the exam. The passing score is 70%.
The Series 32 Exam, designed by the National Futures Association (NFA), provides testing relief to individuals registered in qualified non-U.S. jurisdictions — currently only Canada and the United Kingdom*. Any questions regarding eligibility should be directed to NFA prior to taking the Series 32.
The current Series 32 exam consists of 35 True/False and multiple-choice questions covering U.S. regulations and compliance. Current Time Limit: 45 minutes. Re-Taking the Exam
The Series 32 is comprised of 35 questions, using both the multiple-choice and true or false formats. The exam must be completed in 45 minutes and the minimum required passing score is 70% (25 correct answers). Questions will be based entirely on the rules and regulations for commodity futures, and will be taken from the following topic areas:
Firna Exam Quiz 04 Topics Covers: 1. Verbatim risk disclosure statement 2. Commodity customer agreement 3. Written authorization 4. AP minimum experience requirement
Pass the Series 31 licensing exam and diversify your clients' portfolios with managed futures! Our exam-focused study manual is a 95-page text divided into four chapters, and includes a glossary plus 132 study questions with answer rationale to test your understanding and retention of the concepts and testable content.
The Series 32 exam was designed by the National Futures Association (NFA), the U.S. to provide testing relief to individuals registered in qualified non-U.S. jurisdictions, such as Canada and the U.K. IFM's Guide to U.S. Futures Regulation includes 250 questions with and detailed answers with commentary.
